Hindalco Industries said that the committee of directors vide their resolution dated Apr. 05, 2014 has allotted 21,280 equity shares of par value of Rs 1 to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the company's employee stock option scheme, 2006.
The stock had underperformed the market over the past one month till Apr. 04, 2014, falling 15.14% compared with the Sensex's 5.42% rise. It underperformed the market in past one quarter, gaining 6.12% as against 7.23% rise in the Sensex.
Shares of the company declined Rs 1.3, or 0.94%, to trade at Rs 136.35. The total volume of shares traded was 68,973 at the BSE (11.10 a.m., Monday).